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Haltermann Carless exits Oxo business with US production site divestment
In line with its RACE transformation programme, Haltermann Carless has completed the sale of its production site in Manvel, Texas, marking a strategic shift from the Oxo business. The company continues to focus on sustainable growth and high-margin sectors, with the US remaining a cornerstone market.
Haltermann Carless, a global supplier of advanced hydrocarbon solutions, has announced the successful divestment of its production facility in Manvel, Texas, USA. The transaction, completed at the end of 2025, represents a strategic decision to exit the Oxo business, a segment primarily serving the pharmaceutical and printing ink industries. The move is part of the company’s “RACE” transformation programme, aimed at portfolio optimisation, complexity reduction, and targeted growth in high-margin markets.
The Manvel site, acquired by the company in 2015, specialised in manufacturing Oxo products such as alcohols and esters. These were predominantly supplied to US-based customers. However, the company recognised that the Oxo business, being commodity-driven and highly localised, was not aligned with its long-term strategic objectives. Peter Friesenhahn, CEO, highlighted that the divestment allows the chemicals supplier to better allocate resources towards its global product portfolio and sustainable innovations.
Strategic focus on high-margin and sustainable solutions
Dr. Eva Morsbach, Senior Vice President Corporate Development & Sustainability, emphasised the restructuring’s alignment with the company’s commitment to advanced technologies and sustainability. By reallocating resources from the Oxo business, the company aims to enhance its delivery of high-purity hydrocarbons and sustainable solutions across industries such as paints, coatings, adhesives, and fuel additives.
Despite exiting the Oxo business, the United States remains a central growth market for the company. Its strong subsidiary, Haltermann Carless US, will continue to serve key sectors, ensuring a robust presence in the region. This development underscores the company’s strategy to thrive in challenging economic environments by focusing on innovation and high-value specialty products.
